Question

how should an investigation of fraud, theft or other unethical activities begin in terms of specific steps

Answer 1

There are no specific steps to investigate fraud, theft or other ethical activities. But there are few techniques that have proved to be successful. Specific steps that can be used to detect these are:

• Identifying the areas which are more prone to fraud and theft or unethical activities.
• Any allegations made regarding fraud, theft or unethical activities should be reported via the Ethics and Compliance link on the website of the company.
• Assessing the risk.
• Establishing an audit committee.
• Development and implementation of policies for fraud prevention and detectionEand provide adequate training to employees.
• Creating internal fraud controls.
• Employment screening should be performed.